Are you considering buying life insurance for a child and wondering if Globe Life is the right company?

This Globe Life children’s insurance review will teach you how their policy works and the cost. In addition, we’ll show you how Globe stacks up compared to other children’s life insurance companies.

Globe Life children’s insurance policy fine print

Globe’s children’s insurance is a whole life insurance policy that builds cash value for future growth. There are no medical exams and no waiting period.

Qualification is based on answers to a few health questions. Both parents and grandparents can purchase coverage for children/grandchildren.

Because it’s a whole life policy, the fine print is very straightforward. Here’s what you need to know, including coverage options:

  • Fixed premiums for life
  • Guaranteed lifetime coverage
  • Coverage will never decrease
  • Builds cash value that you may borrow from
  • Coverage is available from $5,000-$30,000 (varies by state)
  • Available from age 0-24
  • Boys and girls pay the same rate

Globe will charge you $1 for the first month’s premium. After the first month, the actual monthly price will kick in and stay the same forever.


Sample prices

Using Globe’s online calculator, we were able to pull up the rates for their children’s coverage.

Please remember they charge the same rate for both girls and boys.



How does Globe compare to other companies?

Globe Life insurance for children or grandchildren is good, but it’s not the best one on the market.

We analyzed the top children’s life insurance companies to compare them all against Globe Life.

Here’s what we found…

  • Price: Globe isn’t the cheapest, but they are among the lowest on the market. Both Globe and Mutual of Omaha unequivocally have the lowest cost for baby life insurance.
  • Coverage: Globe lacks here. They max out at $30,000, while most other carriers offer up to $50,000 in coverage.
  • Added benefits: Globe is on par with everyone else here. Like all other carriers, they guarantee insurability later in life and give you time for someone else to take over the payments should the policy owner die.
  • Application process: Globe is equivalent to other companies here. They offer an online application that can be done relatively quickly. They also allow you to apply via a paper application through the mail.
  • Age: This by far is the best thing about Globe. They accept children as old as 24. Most other companies cap out at age 17 for new applicants.
  • Company reputation: This is one key area where Globe really falls short. Unfortunately, they have many complaints lobbied against them. No other companies have anywhere near the number of complaints that Globe Life has.

When you break it all down, you can see that Globe Life insurance isn’t the best option when you’re looking for life insurance for children or grandchildren.

You’re better off buying life insurance for newborn babies or young adults from another company.

Check out the table below to compare Globe Life, Mutual of Omaha, and Gerber Life.

Information Mutual of Omaha Globe Life Gerber Life
First Year in Business 1909 1951 1967
A.M. Rating A+ A+ A
BBB Rating A+ A+ A+
2019 NAIC Complaint Index (lower is better) 1.51 7.19 1.56
Coverage Options $5,000-
Unisex Rates Yes Yes Yes (Not CA & FL)
$20k Cost For A 9-Year-Old $9.86 $8.50 $17.51
Included Riders Guaranteed Insurability Guaranteed Insurability Guaranteed Insurability
Grace Period For Owner’s Death? Yes No Yes


The overall best children’s life insurance

After looking at all the details, it’s clear that Mutual of Omaha offers the best life coverage for grandchildren or of omaha logo

Here’s why we say that…

They have low prices (they are within pennies of Globe), and they allow you to buy up to $50,000 in coverage. Not to mention, Mutual of Omaha is one of the largest, most stable life insurance companies in the world.

With Mutual of Omaha, they’ll allow for a 90-day grace period for someone else to assume the payments on the policy when the policy owner dies.

Here’s a rundown of Mutual of Omaha’s whole life insurance for children:

  • Policy type: Whole Life
  • Builds cash value: Yes
  • Fixed premiums: Yes
  • Coverage expiration date: Never
  • Age availability: 0 -17
  • State availability: All states (plus DC) except NY & WA
  • Coverage range: $5,000-$50,000
  • Unisex rates: Yes
  • Policy brochure: click here

If you want to explore Mutual of Omaha’s children’s life insurance coverage, just use the quoting tool on this page.

You run quotes on up to 8 children at once. You’ll instantly see rates and can opt to apply online in less than 2 minutes. You’ll have a paper policy from Mutual of Omaha within two weeks.

Gerber’s Grow-Up Plan is a strong option too. However, they are just too costly compared to Mutual of Omaha (or Globe).

Check out Gerber Life Grow-Up Plan rates to see for yourself how their rates compare to Mutual of Omaha.